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Jeffrey Smith Starboard Value

AUM $4.52B
1-Year Est. Return 19.34%
 

Jeffrey Smith is the CEO of Starboard Value, one of the most active and successful activist investment firms of the past decade. Starboard is known for detailed operational white papers, board campaigns, and efforts to improve margins and capital allocation at portfolio companies. Smith’s firm is a regular presence in corporate governance and activist-investing news.

This Fund
S&P 500
This Quarter Est. Return
-11.43%
1 Year Est. Return
+19.34%
3 Year Est. Return
+55.97%
5 Year Est. Return
+85.4%
10 Year Est. Return
+430.11%
AUM
$5.5B
AUM Growth
-$2.04B
Cap. Flow
-$1B
Cap. Flow %
-18.22%
Top 10 Hldgs %
65.45%
Holding
197
New
27
Increased
8
Reduced
13
Closed
14

Top Buys

Rank Stock Value
1
GEN icon
Gen Digital
GEN
+$61.5M
2
WTW icon
Willis Towers Watson
WTW
+$22.4M
3
MRCY icon
Mercury Systems
MRCY
+$21.4M
4
LPSN icon
LivePerson
LPSN
+$11.3M
5
GDDY icon
GoDaddy
GDDY
+$9.61M

Top Sells

Rank Stock Value
1
CTVA icon
Corteva
CTVA
+$289M
2
HUN icon
Huntsman Corp
HUN
+$277M
3
CERN
Cerner Corp
CERN
+$211M
4
IWM icon
iShares Russell 2000 ETF
IWM
+$184M
5
KSS icon
Kohl's
KSS
+$137M

Sector Composition

Rank Sector Weight
1 Technology 32.68%
2 Financials 18.93%
3 Healthcare 14.95%
4 Industrials 13.46%
5 Materials 9.2%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EVGR
76
DELISTED
Evergreen Corporation Class A Ordinary Share
EVGR
$4.74M 0.09%
+475,000
New +$4.73M
SLAM
77
DELISTED
Slam Corp. Class A Ordinary Share
SLAM
$4.72M 0.09%
480,199
– –
LEGA
78
DELISTED
Lead Edge Growth Opportunities, Ltd Class A Ordinary Shares
LEGA
$4.71M 0.09%
480,650
– –
KAHC
79
DELISTED
KKR Acquisition Holdings I Corp.
KAHC
$4.65M 0.08%
475,245
– –
QTI
80
QT Imaging Holdings
QTI
$42.6M
$4.59M 0.08%
457,600
– –
GMFI
81
DELISTED
Aetherium Acquisition Corp
GMFI
$4.58M 0.08%
462,651
– –
TETE
82
DELISTED
Technology & Telecommunication Acquisition Corporation Class A Ordinary Shares
TETE
$4.56M 0.08%
456,220
– –
FTII
83
DELISTED
FutureTech II Acquisition Corp. Class A Common Stock
FTII
$4.5M 0.08%
+450,000
New +$4.5M
SHUA
84
DELISTED
SHUAA Partners Acquisition Corp I Class A Ordinary Share
SHUA
$4.47M 0.08%
+450,000
New +$4.48M
ITAQ
85
DELISTED
Industrial Tech Acquisitions II, Inc. Class A Common Stock
ITAQ
$4.45M 0.08%
447,311
– –
MCAA
86
DELISTED
Mountain & Co. I Acquisition Corp. Class A Ordinary Shares
MCAA
$4.44M 0.08%
438,834
– –
THAC
87
DELISTED
Thrive Acquisition Corporation Class A ordinary shares
THAC
$4.43M 0.08%
441,544
– –
GGAA
88
DELISTED
Genesis Growth Tech Acquisition Corp. Class A Ordinary Shares
GGAA
$4.42M 0.08%
440,871
– –
VCXB
89
DELISTED
10X Capital Venture Acquisition Corp III
VCXB
$4.39M 0.08%
439,252
– –
CXAC
90
DELISTED
C5 Acquisition Corporation
CXAC
$4.39M 0.08%
439,252
– –
ZPTA
91
DELISTED
Zapata Computing Holdings Inc. Common Stock
ZPTA
$4.38M 0.08%
439,252
– –
BFAC
92
DELISTED
Battery Future Acquisition Corp.
BFAC
$4.38M 0.08%
440,871
– –
HAIA
93
DELISTED
Healthcare AI Acquisition Corp. Class A Ordinary Shares
HAIA
$4.37M 0.08%
440,871
– –
PORT
94
DELISTED
Southport Acquisition Corporation
PORT
$4.37M 0.08%
440,871
– –
SCUA
95
DELISTED
Sculptor Acquisition Corp I
SCUA
$4.37M 0.08%
440,871
– –
EVE
96
DELISTED
EVe Mobility Acquisition Corp
EVE
$4.37M 0.08%
440,971
– –
VSAC
97
DELISTED
Vision Sensing Acquisition Corp. Class A Common Stock
VSAC
$4.37M 0.08%
435,612
– –
FRLA
98
DELISTED
Fortune Rise Acquisition Corporation Class A Common Stock
FRLA
$4.36M 0.08%
433,688
– –
PRLH
99
DELISTED
Pearl Holdings Acquisition Corp Class A Ordinary Shares
PRLH
$4.36M 0.08%
440,871
– –
CMCA
100
DELISTED
Capitalworks Emerging Markets Acquisition Corp Class A Ordinary Shares
CMCA
$4.23M 0.08%
418,758
– –
2 3
4
5 6

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Jeffrey Smith's Q2 2022 Portfolio in Review

As of Q2 2022, Jeffrey Smith held 197 positions worth $5.5B, down 27% from $7.54B the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Jeffrey Smith withdrew a net $1B in Q2 2022, closing 14 positions and reducing 13 holdings. Its most notable exit was Cerner Corp, an estimated $211M position sold in full.

By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 29% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Jeffrey Smith opened a new position in Investcorp India Acquisition Corp worth $7.46M.

  • Jeffrey Smith's largest Q2 2022 buy was Investcorp India Acquisition Corp: 750,000 shares worth $7.46M.
  • Jeffrey Smith added most to Gen Digital in Q2 2022, an estimated $61.5M increase.
  • Jeffrey Smith's biggest Q2 2022 reduction was Corteva, cutting an estimated $289M.
  • Jeffrey Smith fully exited Cerner Corp in Q2 2022, selling an estimated $211M.
  • Jeffrey Smith's ten largest holdings make up 65% of its $5.5B portfolio in Q2 2022.
  • Jeffrey Smith opened 27 new positions and closed 14 in Q2 2022.
  • Jeffrey Smith's portfolio value fell 27% quarter-over-quarter to $5.5B.

Based on Starboard Value's 13F filing for Q2 2022, filed 12 Aug 2022.